Real estate software producer Honest Buildings has a new platform to make managing construction costs and data on a particular project a whole lot easier for owners and project managers, the company announced today.
Honest Buildings for Owners, a subscription-based service that costs $200 to $600 per building per month depending on a building’s size, helps owners track the progress of a project including important dates, vendor information, received bids, costs and construction data, according to the real estate tech company. By doing all this, it said in a news release, it would help identify problems not just on a project but an entire portfolio.
Connection engine Honest Buildings has launched a free iPad app for real estate service pros who have submitted projects on the website so they can share their work in real-time on-the-go to prospective clients, Commercial Observer has learned.
“We kept getting examples of people’s work in the PDF two-page document that every vendor in the real estate industry has to showcase what they have,” said Riggs Kubiak, the company’s CEO. “We thought we could drastically improve that experience.”
It’s no secret that the real estate industry is relatively averse to new technologies. It’s understandable, of course, given the tried and true methods of paper RFP’s, building interpersonal relationships, steak dinners and offline transactions.
Many remain hesitant to fully adopt solutions that are available today for a couple of main reasons. First, they’re just not familiar with the direct value to their bottom line, and second, they’re simply comfortable with the traditional way of doing business. Read More
When an expected 3,500 real estate professionals file into the New York Hilton in Midtown for this year’s Oct. 8 NYC Real Estate Expo, they’ll find a new Tech Village that will feature 12 of the most innovative real estate technology companies around, from startups to established brands. They will remain clustered in the middle of the exhibition floor all day long.
Among the participating companies will be Honest Buildings, a New York-based startup that connects people in the trade industry with property managers and building owners, and AppStar Media, a platform that provides real estate agents with personally branded apps that their clients can download.
For Riggs Kubiak, the appeal of real estate lay in its tangibility.
“Working with things that you can touch, feel, walk into and experience,” he said, “was more exciting to me than dealing with synthetic collateralized debt obligations.”
Mr. Kubiak, 32, got his start in the industry renting apartments while he was an undergraduate at Boston College. And, following stints at Ernst & Young and Granite Partners, he rose to become the global head of sustainability at Tishman Speyer, where he worked for five years.
Now he’s the chief executive officer of Honest Buildings, a website he co-founded with his sister, Garrett Kubiak, and Cody Roberts that connects building owners and tenants with brokers, contractors and other real estate professionals in a bid to bolster transparency and hasten innovation in construction, design and other fields.